Home EUR/JPY Technical Analysis: Upside in the cross on its way to 127.00 and above
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EUR/JPY Technical Analysis: Upside in the cross on its way to 127.00 and above

  • Persistent weakness in the Japanese currency is now helping EUR/JPY to advance for yet another session to levels further north of the 126.00 handle.
  • If the bullish impulse continues, the cross is expected to re-visit 2019 highs in the mid-127.00s recorded earlier in the month.
  • In the meantime, while above the short-term support line at 124.39, the constructive stance on the cross should remain unchanged.

EUR/JPY daily chart

EUR/JPY

Overview:
       Today Last Price:  126.46
       Today Daily change:  45  pips
       Today Daily change %:  0.15%
       Today Daily Open:  126.27
Trends:
       Daily SMA20:  125.82
       Daily SMA50:  125.15
       Daily SMA100:  126.54
       Daily SMA200:  128.02
Levels:
       Previous Daily High:  126.57
       Previous Daily Low:  125.88
       Previous Weekly High:  127.4
       Previous Weekly Low:  124.26
       Previous Monthly High:  126.92
       Previous Monthly Low:  124.16
       Daily Fibonacci 38.2%:  126.31
       Daily Fibonacci 61.8%:  126.15
       Daily Pivot Point S1:  125.91
       Daily Pivot Point S2:  125.56
       Daily Pivot Point S3:  125.23
       Daily Pivot Point R1:  126.6
       Daily Pivot Point R2:  126.93
       Daily Pivot Point R3:  127.28

 

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